‎ADNOC L&S َ2 2026 earnings: What to expect

Source: Argaam - UAE News
Source link: https://www.argaam.com/en/article/articledetail/id/1926291
Published: 2026-08-05 13:54:00
Discovered by ProcIntel: 2026-08-05 14:01:41
Category: GCC Spotlight
Geography: UAE
Organisations: —
Review status: Pending
Record type: REAL

Summary

‎<img src="https://argaamplus.s3.amazonaws.com/a7ffef8f-7afd-4125-af38-97c05b9abe13.png" >An ADNOC LS LNG carrier <div align="center" > <hr align="center" size="2" width="100%"></div> Argaamhighlights the expected Q2 2026 results ofADX-listed<a href="https://www.argaam.com/ae-ar/companies/adx/adnoc-logistics-services/overview" target="_blank">ADNOC LS</a>. The report also covers recent quarterly profit trends, key performance metrics, and profitability indicators. <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="6" > Quarterly revenue trend – $ mln </td> </tr> <tr > <td > Item </td> <td > Q2 2025 </td> <td > Q3 2025 </td> <td > Q4 2025 </td> <td > Q1 2026 </td> <td > Q2 2026 (Consensus) </td> </tr> <tr > <td > Revenue </td> <td > 1,257.5 </td> <td > 1,265.6 </td> <td > 1,311.6 </td> <td > 1,082.7 </td> <td > 1,365.2 </td> </tr> <tr > <td > Change(%) </td> <td > +39.8% </td> <td > +36.3% </td> <td > +48.8% </td> <td > (8.4%) </td> <td > +8.6% </td> </tr> </tbody> </table> <div ></div> <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="6" > Quarterly net income development – $ mln </td> </tr> <tr > <td > Item </td> <td > Q2 2025 </td> <td > Q3 2025 </td> <td > Q4 2025 </td> <td > Q1 2026 </td> <td > Q2 2026 (Consensus) </td> </tr> <tr > <td > Net income </td> <td > 228.8 </td> <td > 205.4 </td> <td > 223.8 </td> <td > 202.7 </td> <td > 418.4 </td> </tr> <tr > <td > Exceptional items </td> <td > 0.0 </td> <td > 0.0 </td> <td > 29.2* </td> <td > 0.0 </td> <td > 0.0 </td> </tr> <tr > <td > Net income before one-offs </td> <td > 228.8 </td> <td > 205.4 </td> <td > 194.6 </td> <td > 202.7 </td> <td > 418.4 </td> </tr> <tr > <td > EPS excluding one-offs (cent/shr) </td> <td > 3.09 </td> <td > 2.78 </td> <td > 2.63 </td> <td > 2.75 </td> <td > 5.66 </td> </tr> </tbody> </table> <div ></div> *Gain from the disposal of property, plant and equipment of $11.4 million, and charges related to the termination of non-equipped vessel lease contracts of USD 17.9 million. Key developments in Q2 2026: - The company announced the delivery of the LNG carrier "Al Taweelah," which is the sixth new carrier under its fleet expansion program, with a capacity of 175,000 cubic meters, built at Jiangnan Shipyard, China. - The board approved an interim cash dividend for shareholders of 4.23 fils per share for Q1 2026. Consensus forecast for Q2 2026 earnings: Consensus estimates indicate the group will deliver net profit of $418.4 million, covered by five research firms. This figure is 83% higher than the company's result in the same quarter of 2025, as shown in the following table: <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="2" > Consensus estimates by research houses – $ mln </td> </tr> <tr > <td > Research House </td> <td > Estimate ($ mln) </td> </tr> <tr > <td > Goldman Sachs </td> <td > 626.0 </td> </tr> <tr > <td > Morgan Stanley </td> <td > 482.8 </td> </tr> <tr > <td > United Securities </td> <td > 381.0 </td> </tr> <tr > <td > FAB Securities </td> <td > 355.0 </td> </tr> <tr > <td > Bernstein </td> <td > 247.0 </td> </tr> <tr > <td > Consensus estimate </td> <td > 418.4 </td> </tr> <tr > <td > Net profit before exceptional and non-recurring items(Q2 2025) </td> <td > 228.8 </td> </tr> <tr > <td > Variance(%) </td> <td > +83% </td> </tr> </tbody> </table> <div ></div> <table align="center" border="0" cellpadding="0" cellspacing="0" width="100%"> <tbody> <tr > <td colspan="3" > Share Performance </td> </tr> <tr > <td > Item </td> <td > Company </td> <td > Market </td> </tr> <tr > <td > Change YTD </td> <td > +5.74% </td> <td > +1.09% </td> </tr> <tr > <td > Change (Last 12 months) </td> <td > +33.48% </td> <td > (1.91%) </td> </tr> <tr > <td > Previous close </td> <td > 6.26 </td> <td > 10,101.64 </td> </tr> <tr > <td > Recurring P/E </td> <td > 15.17 </td> <td > 22.41 </td> </tr> <tr > <td > Trailing 12-Month EPS Excluding Non-Recurring Items(fils/shr) </td> <td > 41.28 </td> <td > -- </td> </tr> </tbody> </table> <div ></div>

Possibly the same underlying story as ‎ADNOC Gas: What to expect from Q2 earnings? — flagged automatically for review, never merged automatically.

Procurement Relevance Gate

PASS — score 43.9/100 — evaluated 2026-08-05 14:01:41

Passed on: commodity_or_input_impact, logistics_freight_transport, capacity_production_disruption, geographic_exposure (score 43.9/100, threshold 20.0).

commodity_or_input_impact (weight 12) — matched on "lng"
logistics_freight_transport (weight 12) — matched on "vessel"
capacity_production_disruption (weight 12) — matched on "capacity"
geographic_exposure (weight 8) — matched on "1 linked geography"

Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.

Initial Significance: 3 · Material (43.0/100)
Initial Confidence: 2 · Low (31.5/100)
Data sufficiency Whether enough structured evidence exists to trust this Signal's Initial Confidence reading. 'Sufficient' has no cap; 'Partial' and 'Insufficient' cap Confidence until more evidence is available; 'Not Assessed' means the Signal did not pass the Relevance Gate.: Partial
Strongest contributor: Procurement Impact
Limiting factor: Likely Event Severity

Initial Significance Material (43.0/100). Strongest contributor: Procurement Impact (27.0/30 points). Limiting factor: Likely Event Severity (3.0/30 points). Initial Confidence Low (31.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).

No likely Event type matched; a low contextual baseline was applied.
Entity Criticality data quality warning: all_linked_entities_data_insufficient.
no matched Event type
no actor entities (only attribution/metadata, if any)
no actor content-derived geography
single source only
Entities were mentioned as context or document attribution rather than as actors in the reported development, so they did not increase Initial Confidence.
Geographies were mentioned only in diplomatic reaction, commentary or background context rather than as the actor, event location or affected party in the reported development, so they did not increase Initial Confidence.
Only source-level geography metadata was available.
Source metadata did not contribute to Initial Confidence.

Methodology signal_scoring_v1 — calculated 2026-08-05 14:01:42.

‎ADNOC L&S َ2 2026 earnings: What to expect

Summary

Procurement Relevance Gate

Initial Signal Assessment ⓘMore about Initial Signal AssessmentProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.